Governments
and research institutions around the world are encouraging the adoption of
LiDAR drones. This reflects positively on the year-on-year sales reported by
the global LiDAR market. LiDAR drones are mainly used for enhancing automation
and reducing dependence on human efforts. Some of the most common applications
of LiDAR drone include archaeology, mapping, precision farming, entertainment,
and construction.
Based on
product type, the global LiDAR drone market can be bifurcated into fixed wing
and rotary wing. Of these, the rotary wing LiDAR segment is expected to report
the highest CAGR between 2016 and 2023. The robust demand that the segment has
been witnessing is attributed to the compact size and cheaper price of rotary
wing LiDAR as compared to fixed wing LiDAR. Additionally, the design of rotary
wing LiDAR enables easy access to confined specs such as bridges and pipeline,
due to which it is preferred for monitoring and inspection applications. A
rotary wing LiDAR can fly both horizontally and vertically. It can also hover
in a fixed position, which makes it best suited for high resolution video
capturing and aerial photography.
The report
provides a comprehensive analysis of the various factors that will have a
positive impact on the global LiDAR market. An overview of major restraints
threatening the market’s growth is also included in the report. To present
insights into the prevailing vendor landscape, the report also includes the
profiles of the leading companies operating in the market.
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Global
LiDAR Drone Market: Key Opportunities and Threats
The global
LiDAR market is also significantly gaining from the rising demand for laser
scanners. These scanners exhibit high wavelength and are used for making clear
3D models for surveyed areas. Based on application, the corridor mapping
segment has emerged dominant in the market due to rapid urbanization and
increasing construction of highways, roadways, and railways.
Despite
witnessing positive growth opportunities worldwide, the lack of skilled pilots
is hampering the global LiDAR market to an extent. Unlike pilots for
conventional aircrafts, drone pilots are required to ensure reliability of the
entire system, which includes ground station, vehicle, and communication
equipment. While drones do not carry passengers or on-board pilots, any human
error while operating a drone could still prove disastrous.
Drone systems mainly rely more on autopilot, radio transmission, and computer technology than conventional airplanes. Hence, operating and maneuvering drones require a greater degree of knowledge and expertise because the accident rate in drones is much higher than in manned aircrafts. However, this issue can be resolved by designing advanced drones.
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